BUZZ-Prada sinks to 5-month low amid weakness in key luxury groups ** Shares of Italian luxury group Prada 1913.HK drop 5.6% to HK$51, lowest since Feb. 16, tracking weakness in the performance of global luxury firms ** Prada stock on track for biggest one-day pct drop since Nov. 17 if trend holds ** German fashion house Hugo Boss BOSSn.DE on Monda

BUZZ-Richemont seen up 2% after small Q1 sales beat reassures ** Shares in Richemont CFR.S are seen up around 2% after the Swiss luxury goods group reported first-quarter sales slightly ahead of expectations, driven by growth at Jewellery Maisons ** At constant exchange rates sales rose by 1% compared to Visible Alpha consensus of 0.5% growth, cite

UPDATE 2-Weak China demand hurts sales at luxury goods firm Richemont Updates throughout with details, quotes ZURICH, July 16 (Reuters) - Sales at luxury group and Cartier owner Richemont CFR.S were almost unchanged in the three months through June, the company said on Tuesday, as a sharp drop in Chinese demand clouded the overall result, pushing it just below expectations.

Richemont says quarterly sales up 1% at constant exchange rates ZURICH, July 16 (Reuters) - Luxury group and Cartier-owner Richemont CFR.S reported a 1% rise in sales at constant exchange rates in the three months through June, though they were down 1% at current exchange rates, the company said on Tuesday. "At constant exchange rates, sales in the quarter ended 30 June 2024 rose by 1% to 5.3 billion euros ($5.77 billion), after growing by 19% in the prior-year period, demonstrating the Group's

Swiss stocks - Factors to watch on July 16 July 16 - Here are some of the main factors that may affect Swiss stocks on Tuesday: DKSH HOLDING AG DKSH.S Reports H1 Core EBIT Up By 8.2%. COMPAGNIE FINANCIERE RICHEMONT SA CFR.S - Q1 sales figures due. ANALYSTS' VIEWS ADECCO ADEN.S : JEFFERIES CUTS TARGET PRICE TO CHF 31 FROM CHF 33 SWATCH UHR.S : JEFFERIES CUTS TARGET PRICE TO CHF 170 FROM CHF 200 SWATCH UHR.S : JP MORGAN CUTS TARGET PRICE TO CHF 180 FROM CHF 210 ECONOMY No major Swiss economic data